Corporate deals set to return to pre-crisis levels
After a year that’s been awash with multi-billion dollar deals, the number and value of mergers and acquisitions looks set to return to pre-crisis levels over the coming 12 months, consulting firm EY said Monday.
In its biannual Global Capital confidence barometer, EY said global M&A is on course to return to 2006 levels in the next year thanks to improvements in market conditions.
However, the appetite for deal-making has picked up over the past couple of years as the world economy has recovered and stock markets, particularly in the U.S., have bounced back on growing confidence about the future.
“Stable asset prices as well as increasing confidence in stability of the global economy are encouraging a more buoyant outlook for M&A,” said Pip McCrostie, EY’s global head of M&A. “Having experienced many years of volatility, this growing stability provides greater certainty in terms of strategic planning, although executives will continue to closely monitor unfolding geopolitical events.”
Source: AP- Corporate deals set to return to pre-crisis levels
